Ever heard of Jocelyn Wildenstein?

She’s a 71-year old, real-life Catwoman. She has done so many plastic surgeries that changed her facial features into those of a cat.

She attacked her boyfriend, Lloyd Klein, a 49-year old designer with scissors one night for God knows what reason.

The whole situation got me thinking.

This woman has millions of “dumb money”.

What’s that?

They’re money you spend on things just for the fun of it.

Rich people are notorious for that.

They’re born with a silver spoon in the mouth or they won billions after they divorced.

Just by pure luck, they end up with fortunes.

But we are not like rich people.

We struggle in life.

We want the freedom they have and we reverse engineer self-made, wealthy people.

And what do they all have in common?

They’re all business owners.

They started their own businesses, stuck with them and made millions of dollars.

So what can you do?

You have two choices.

One, invest in a time machine, go back to the past and make sure your parents become rich before they give birth to you.

Two, you do what the self-made millionaires did and start your own business.

I don’t have a path for choice number one so you’re alone on that.

But I know the best path for choice two.

Sincerely,
Joseph Smith

P.S. Contrast Jocelyn with her boyfriend, Lloyd.

He was born in a poor French family and had to fight tooth and nail to become financially independent.

It took him 20 years of working in the brutal world of fashion to become an, as his competitors said, “overnight success”.

All his business choices are stellar, allowing him to live the life of his dreams (with just a crazy girlfriend).

And if you come from humble beginnings, you should develop an investor mindset, like Lloyd did.